Compare Analysis of CFG Community Bank with 5.31% APY

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

$
PRODUCT
BANK
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
BANK TYPE
STATE

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    CFG Community Bank
    $50,000
    12 Month
    5.31%
    9.55x (National Avg. - 0.56%)
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    5.31%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,655 1,859
    2 52,655 2,796 1,957
    3 55,451 2,944 2,061
    4 58,395 3,101 2,171
    5 61,496 3,265 2,286
    6 64,762 3,439 2,407
    7 68,201 3,621 2,535
    8 71,822 3,814 2,670
    9 75,636 4,016 2,811
    10 79,652 4,230 2,961
    11 83,881 4,454 3,118
    12 88,336 4,691 3,283
    13 93,026 4,940 3,458
    14 97,966 5,202 3,641
    15 103,168 5,478 3,835
    16 108,646 5,769 4,038
    17 114,415 6,075 4,253
    18 120,491 6,398 4,479
    19 126,889 6,738 4,716
    20 133,627 7,096 4,967
    TOTAL $90,722 $63,505